Guarantee Insurance
Aldagi’s Guarantee Insurance is a guarantee of your business’s financial stability
Guarantee Insurance is an insurance product dedicated to all companies which regularly participate in tenders and execute contracts which require a security.
Aldagi will provide you with a document confirming that in case of non-fulfillment of obligations undertaken by your company, the insurance company will pay the amount of financial risk incurred.
The guarantee enables execution of several contracts at the same time without having to block monetary resources and, thus, it improves the company’s financial liquidity and increases its credibility to business partners. It facilitates and, in many cases, constitutes a prerequisite for conclusion of the contract with the business partner.
Bid Bond Guarantee
The parties interested in participating in the tender are obliged to submit a bid for the tender. The purpose of the guarantee is to regulate the case when the winning bidder, due to various circumstances, refuses to fulfill his obligations.
Contract Fulfillment Guarantee
Ensures the timely fulfillment of obligations under the contract and on pre-determined terms.
Advance Payment Guarantee
The advance payment guarantee ensures the return of the amount issued in advance if the executor has failed to fulfill his obligations under the contract.
Payment Guarantee
Regulates the fulfillment of obligations between the buyer and the seller if the amount of goods / services provided has not been timely paid.
Quality Guarantee
Ensures the elimination of possible defects arising after the fulfillment of the obligations under the contract.
Tax Guarantee (Customs Guarantee)
Ensures the fulfillment of the obligations of paying the established customs duties and paying the fees in case of violation of the requirements of various customs regimes.
Frequently Asked Questions
Answers to the most frequently asked questions
Why do I need business insurance?
Business insurance provides financial protection against unexpected events that could lead to significant financial losses. It helps safeguard your assets, employees, and the continuity of your business operations.
What is professional liability insurance?
Professional liability insurance, also known as errors and omissions (E&O) insurance, protects businesses that provide professional services from claims of negligence or mistakes that result in financial loss for clients.
What is general liability insurance, and why is it important?
General liability insurance provides coverage for third-party bodily injury, property damage, and advertising injury claims. It's essential for protecting your business against common risks and legal liabilities.
How does property insurance protect my business?
Property insurance covers damage or loss to your business property, including buildings, inventory, equipment, and other assets, due to covered events such as fire, theft, or natural disasters.
What factors influence the cost of business insurance?
Factors such as the size of your business, industry, location, coverage limits, deductible amounts, and risk management practices can impact the cost of business insurance.
How do I determine the right insurance coverage for my business?
Assess the specific risks your business faces, its size, industry, and location. Consult with an insurance professional who can help tailor coverage to your needs.
What types of business insurance are available?
Common types of business insurance include general liability, property insurance, business interruption, commercial auto, workers' compensation, professional liability, and cyber insurance. The specific needs of your business will determine the appropriate coverage.
What is business insurance?
Business insurance is a type of coverage that protects businesses from financial losses resulting from various risks, such as property damage, liability claims, and business interruption
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